Previous close | 64.12 |
Open | 64.30 |
Bid | 64.40 x 0 |
Ask | 64.46 x 0 |
Day's range | 64.14 - 65.38 |
52-week range | 47.71 - 70.34 |
Volume | |
Avg. volume | 733,288 |
Market cap | 17.381B |
Beta (5Y monthly) | 1.08 |
PE ratio (TTM) | 28.33 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.15 (1.79%) |
Ex-dividend date | 20 May 2024 |
1y target est | N/A |
Italy's Rivetti family, former owner of the Stone Island brand, said on Tuesday it had sold a stake in Moncler, sending the Italian luxury group's shares down by as much as 3.5%. The placement comes less than a month after the announcement that the Rivetti family would become a direct shareholder in the luxury group after ending an investment agreement with CEO Remo Ruffini's holding company Double R. The stake was not part of a consultation agreement they sealed with Ruffini when they left the holding company.
Moncler's chief executive and main shareholder will be left with roughly 16% of the luxury group once the Rivetti family exits the holding company in a move making the company more accessible for potential bidders, analysts said. Moncler said on Saturday the Rivetti family will become a direct shareholder in the luxury group after ending an investment agreement with CEO Remo Ruffini's holding company Double R. The Rivetti family, which got Double R's shares as a result of Moncler's acquisition of Stone Island some three years ago, currently holds a 16.5% stake in Double R, which in turn has a 23.7% stake in Moncler.
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